DUBLIN, Apr. 12, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Naphtha Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2014 to 2030" report to their offering.
The global naphtha market was valued at US$ 102.6 Bn in 2016, and is expected to reach US$ 230.9 Bn by 2030, expanding at a CAGR of 5.97% from 2016 to 2030.
Global naphtha market is projected to witness significant growth over the forecast period. Growing demand for naphtha as a feedstock in petrochemical industry is projected to drive the demand for naphtha over the forecast period. Increasing use of plastic products fueling the demand for the polypropylene and polyethylene which in turn is driving the demand for naphtha used as a feedstock for the production olefins and aromatics using in production of paints and coatings.
Further, naphtha also finds application in blending with gasoline. Growing demand for gasoline is anticipated to augment the growth of global naphtha market. Moreover, recent technological advancement such as development of advance furnace materials, advanced distillation column and alternative technologies such as hydro- pyrolysis of naphtha and catalytic cracking of naphtha saves approximately 10% of the energy which in turn reduces the production cost. Thus, making naphtha the preferred feedstock for the end use applications.
Growing chemical industry especially in Asia Pacific is projected to drive the global naphtha market during the forecast period (2016-2030). However, growing use of alternatives such as LPG for the production of propane and butane are expected to restrain the growth of global naphtha market during the forecast period (2016-2030).
Considering the competition, the global naphtha market is expected to witness a significant rise in investment in capacity expansion for the production and supply of naphtha. Further, market has witnessed strategic mergers and collaborations among naphtha regional and global players. Such growth strategies are focused on increasing their market penetration in key consuming economies.
Key Topics Covered:
2. Executive Summary
2.1. Global Naphtha Market Snapshot
3. Global Naphtha Market Dynamics
3.1. Market Overview
3.4. Future Prospects
3.5. Impact Analysis of Drivers and Challenges
3.6. Porter's Five Force Analysis
4. Global Naphtha Market Size (Mn Tons) (US$ Bn), By Product Type, 2011 - 2030
4.2. Light Naphtha
4.3. Heavy Naphtha
5. Global Naphtha Market Size (Mn Tons) (US$ Bn), By Application, 2011 - 2030
6. Global Naphtha Market Size (Mn Tons) (US$ Bn), By Geography, 2011 - 2030
7. Company Profiles
- BP p.l.c.
- Chevron Corporation.
- Exxon Mobil Corporation
- Indian Oil Corporation Ltd.
- PetroChina Company Limited
- Reliance Industries
- Saudi Aramco
- Sinopec Corp.
- Total S.A
For more information about this report visit http://www.researchandmarkets.com/research/cpj5f2/global_naphtha
Laura Wood, Senior Manager
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SOURCE Research and Markets